Kingstone Companies (NASDAQ:KINS) Initiates Stock Buyback Plan

Kingstone Companies (NASDAQ:KINS) announced that its board has approved a share repurchase program on Tuesday, May 19th, RTT News reports. The company plans to buyback 1,000,000 shares. This buyback authorization authorizes the insurance provider to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

KINS has been the subject of a number of research reports. Weiss Ratings cut shares of Kingstone Companies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Wall Street Zen cut shares of Kingstone Companies from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Zacks Research raised shares of Kingstone Companies to a “hold” rating in a research note on Friday, February 6th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Kingstone Companies Price Performance

NASDAQ KINS traded up $0.04 during trading hours on Tuesday, hitting $15.20. 180,293 shares of the company’s stock traded hands, compared to its average volume of 141,565. Kingstone Companies has a 52-week low of $13.08 and a 52-week high of $19.42. The company has a market capitalization of $220.10 million, a PE ratio of 7.07 and a beta of 0.52. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.35 and a quick ratio of 0.35. The firm’s 50-day moving average is $15.62 and its 200-day moving average is $15.73.

Kingstone Companies (NASDAQ:KINS) last announced its quarterly earnings data on Thursday, May 7th. The insurance provider reported ($0.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by ($0.09). Kingstone Companies had a net margin of 13.86% and a return on equity of 28.63%. The business had revenue of $59.78 million for the quarter, compared to analysts’ expectations of $66.90 million. Kingstone Companies has set its FY 2026 guidance at 2.200-2.900 EPS. Equities analysts forecast that Kingstone Companies will post 2.3 EPS for the current fiscal year.

Kingstone Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Monday, May 11th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Monday, May 11th. This represents a $0.20 annualized dividend and a dividend yield of 1.3%. Kingstone Companies’s dividend payout ratio is 9.30%.

Insider Activity at Kingstone Companies

In other news, Director Thomas Newgarden purchased 15,201 shares of the company’s stock in a transaction dated Wednesday, May 13th. The stock was acquired at an average price of $14.36 per share, with a total value of $218,286.36. Following the purchase, the director directly owned 85,366 shares in the company, valued at approximately $1,225,855.76. This represents a 21.66% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director William L. Yankus sold 13,500 shares of the stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $18.00, for a total transaction of $243,000.00. Following the completion of the sale, the director directly owned 84,972 shares of the company’s stock, valued at approximately $1,529,496. This trade represents a 13.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 5.10% of the company’s stock.

About Kingstone Companies

Kingstone Companies, Inc is a publicly traded property and casualty insurance holding company whose primary focus lies in personal and commercial insurance products. Through its wholly owned subsidiary, Kingstone Insurance Company, the firm underwrites a broad portfolio of property and casualty lines, including private passenger auto, homeowners, inland marine, umbrella, and various small‐commercial coverage options. Distribution is handled predominantly through a network of independent agents, allowing Kingstone to maintain strong broker relationships and responsive service for policyholders.

The company was incorporated in Delaware in 2010 and commenced operations following the acquisition of Kingstone Insurance Company in early 2011.